Can’t miss stories from the web
More evidence of hedge fund
According to TrimTabs-BarclayHedge, funds lost $5.1-billion through outflows in April (as compared to $2.8-billion of inflows the month before).
Dutch bank ING Bank NV will pay up $619-million (U.S.) to clear up charges that it violated U.S. sanctions by moving Cuban and Iranian clients’ money through the American capital system. The bank handily deleted info afterwards.
What kind of world?
Goldman Sachs CEO Lloyd C. Blankfein asks for leniency in treatment of mistakes in risk judgment. “If you’re getting pounded and being made to ask questions, what kind of economic system do we have?”
All eyes on Italy
The spreads on Italian 10-year bonds are broadening and Italy is underperforming its European sovereign peers.
Back in the game
Michael Lee-Chin returns to the investment fund biz.
That’s how much cash is flying out of Greek bank accounts.
Power sharing a growing
Right now roughly 20 per cent S&P 500 firms have split the CEO and chairman's role. But that number seems to be growing.